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Strategies & Market Trends : The Covered Calls for Dummies Thread -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (4200)	4/15/2004 3:57:02 PM
From: Dominick	Read Replies (1) \| Respond to of 5205

Hi UF: ...doesn't require any skill at prognostication... Ahh! but it does require it, to some degree. Write at the wrong time can cause your b&h stock to be called or having to make on-going nuisance repairs. Regarding your QCOM purchase. Take a look at it's chart and compare QCOM rallies and reactions to RMBS. You got at least 10 point moves with RMBS. I'm going to take a WAG and say most likely you timed your purchase after your analysis. I have no problem with buy/writes. I've done a lot of them with the intent of being called. But they were done with uptrending stocks. At 3:50 p.m est he's already down about 3 points. Did he get out a B-E or did he hold? Was his intent a ST move or a LT B&H? My point was, without a strong understanding of the basics this market will kill you quick. Dom